Maersk and Hateco Plan Vietnam Rail Terminals
Maersk and Hateco signed an agreement to study developing rail freight terminals in northern Vietnam. The project aims to improve transport efficiency and expand trade options, forming part of a broader multi-billion dollar investment plan in the region.
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AP MOLLER-MAERSK A/S-A’s ports division signed a non-binding agreement with Vietnam’s Hateco Group during an official visit to Denmark to study rail freight terminal developments, bringing cumulative joint investments to between $2.5 billion and $3.5 billion. The pact was signed on Tuesday afternoon in the presence of Vietnamese General Secretary and President To Lam. The multi-billion-dollar framework expands upon the partners' previous logistics infrastructure projects in Southeast Asia.
